Euclid, a Web3 startup, secures $600,000 in pre-seed funding.

According to Coindesk, Euclid, a Web3 startup company, has completed a $600,000 pre-seed funding round. The funding was supported by technology investment firm Kahuna Network and angel investor Tomoaki Sato, as well as angel investors associated with Lavender Five, Andromeda, and Nibiru. The project aims to be a “decentralized unified cross-chain liquidity infrastructure” that achieves liquidity through a virtual settlement layer, providing the ecosystem with the lowest slippage and fairest prices. The new funds will be used for architecture and project development, as well as business development, auditing, and marketing.